Mattel (NASDAQ:MAT) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mattel announced earnings per share of $-0.56 on revenue of $594.1M. Analysts polled by anticipated EPS of $-0.41 on revenue of $654.13M. That with comparison to EPS of $-0.44 on revenue of $689.2M in the same period a year before. Mattel had reported EPS of $0.11 on revenue of $1.47B in the previous quarter. Analysts are expecting EPS of $-0.26 and revenue of $780.13M in the upcoming quarter.
Mattel shares are down 36% from the beginning of the year , still down 41.94% from its 52 week high of $14.83 set on January 29. They are under-performing the Nasdaq which is down 2.55% year to date.
Mattel shares lost 7.67% in after-hours trade following the report.
Mattel follows other major Consumer Cyclical sector earnings this month
Mattel's report follows an earnings beat by Tesla on April 29, who reported EPS of $1.24 on revenue of $5.99B, compared to forecasts EPS of $-0.28 on revenue of $6.11B.
Volkswagen 10 Pref ADR had beat expectations on April 29 with first quarter EPS of $0.08 on revenue of $59.75B, compared to forecast for EPS of $0.07 on revenue of $58.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
